American Century Companies Inc. Has $44.92 Million Stake in TTM Technologies, Inc. (NASDAQ:TTMI)

American Century Companies Inc. lowered its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,814,972 shares of the technology company’s stock after selling 8,753 shares during the period. American Century Companies Inc. owned 1.78% of TTM Technologies worth $44,921,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its stake in shares of TTM Technologies by 21.9% during the 4th quarter. Teacher Retirement System of Texas now owns 76,291 shares of the technology company’s stock worth $1,888,000 after purchasing an additional 13,690 shares during the last quarter. Counterpoint Mutual Funds LLC boosted its holdings in TTM Technologies by 14.4% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 30,751 shares of the technology company’s stock worth $761,000 after purchasing an additional 3,863 shares in the last quarter. Cibc World Markets Corp acquired a new position in TTM Technologies during the fourth quarter worth $234,000. Swiss National Bank raised its holdings in TTM Technologies by 0.9% during the fourth quarter. Swiss National Bank now owns 200,500 shares of the technology company’s stock valued at $4,962,000 after buying an additional 1,700 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of TTM Technologies in the fourth quarter worth about $202,000. Institutional investors own 95.79% of the company’s stock.

Insider Buying and Selling at TTM Technologies

In related news, EVP Catherine A. Gridley sold 6,000 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $26.25, for a total transaction of $157,500.00. Following the transaction, the executive vice president now directly owns 125,206 shares in the company, valued at $3,286,657.50. The trade was a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Dale Martin Knecht sold 3,848 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.01, for a total value of $100,086.48. Following the completion of the sale, the senior vice president now owns 86,346 shares of the company’s stock, valued at $2,245,859.46. This represents a 4.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,817 shares of company stock valued at $1,316,006 in the last ninety days. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TTMI shares. Stifel Nicolaus assumed coverage on TTM Technologies in a report on Tuesday, February 11th. They set a “buy” rating and a $33.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and issued a $33.00 price target on shares of TTM Technologies in a research report on Friday, March 21st.

TTM Technologies Trading Down 3.5 %

TTM Technologies stock opened at $21.54 on Friday. TTM Technologies, Inc. has a 52 week low of $13.43 and a 52 week high of $30.41. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99. The firm has a market capitalization of $2.19 billion, a PE ratio of 39.89 and a beta of 1.19. The business’s 50-day simple moving average is $24.21 and its 200-day simple moving average is $22.92.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. Equities research analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

TTM Technologies Company Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.